Central Bank of Myanmar Governor Daw Than Than Swe received Country Head Sulaiman Abdul Aziz of May Bank, Yangon Branch and officials from Chang Hon Huen (Eddie) (Head, Operations) at the Yangon branch of CBM on 13 January.
At the meeting, they discussed operating the functions of May Bank and policy of the head office after opening the branch in Myanmar. The CBM supervises the daily functions of foreign banks and private banks. They also discussed the progress of the current foreign currency market, undertakings at the Interbank Market, payment for trading, active moves of May Bank in worker remittance of Myanmar in Malaysia, and money laundering and financing to the terrorism process, it is reported.
Source: The Global New Light of Myanmar (15-1-2023)
- The CBM discussed the matters related to active moves of May Bank in worker remittance of Myanmar in Malaysia, and money laundering and financing to the terrorism process.